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VAL buys alumina from traders for Jharsuguda smelter
Vedanta Aluminium Ltd. (VAL), which has set up a 0.5 million tonne aluminium smelter at Jharsuguda in Orissa, is forced to purchase alumina from traders importing the material from countries like Australia to keep its smelter in operation.

Correction to stay on course
The Sensex and the Nifty closed in the red on Friday on profit-booking in technology stocks and lack of interest in other pivotals at current levels. The trading volume on the F&O segment remained lackluster as the Nifty provided little scope for trading since it moved in a tight range of 20-30 points on Friday.

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PM asks states to bolster food production
Under fire for rising prices, Prime Minister Manmohan Singh today asked state governments to tackle shortages of essential supplies while promising all possible assistance from the Centre.
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Karnataka keen on PPPs

The Karnataka government is in the process of inviting more private players to increase public-private-partnership (PPP) in the state. This will be extended to sectors like Railways, which has not seen much projects as PPPs so far. - Vinayak Chatterjee: Consulting practice and infrastucture">Vinayak Chatterjee: Consulting practice and infrastucture - Karnataka keen to up PPPs for upcoming projects - Industry urges government to remove bottlenecks - Fasts, protests against Telangana continue - Sanofi-aventis" new rural initiative to push generics - Latha Jishnu: Who owns the eggplant?">Latha Jishnu: Who owns the eggplant? “We are looking at PPPs in nine projects in Railways. Earlier, PPP in Railways was only talked about. Nowadays, we are seeing it transforming into reality,” said V Madhu, state principal secretary - infrastructure development department. It is estimated investment into extending the rail network connectivity would be to the tune of Rs 23,300 crore by 2020. As a first step to attract private partners, the government’s preparations for the global investors meet is on in full swing. It was postponed from January to June 2010 due to the flood situation in Karnataka.


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